WLFI broke out of its recent consolidation with a sharp price surge, posting fresh gains after Trump’s pardon of former Binance CEO Changpeng Zhao.
Summary
- WLFI price rose 15% in 24 hours, breaking out of a tight trading range to hit $0.14.
- The rally followed Donald Trump’s pardon of Binance ex-CEO Changpeng Zhao, citing unfair prosecution.
- Political figures like Senator Elizabeth Warren criticized the pardon, calling it “corruption” linked to Trump’s crypto interests.
- WLFI could rise to $0.17 if $0.135 support holds. Failure to hold may lead to a retest of $0.130–$0.125.
WLFI price has surged 15% over the past 24 hours, climbing to $0.14, according to data from crypto.news. The sudden rally comes after weeks of sideways movement between $0.13 and $0.125, finally breaking out with a strong bullish engulfing candle and increased volume.
Prior to the breakout, WLFI (WLFI) had been in a downtrend from $0.25, struggling to maintain momentum. However, buyers stepped in aggressively around the $0.12 support level, helping the token reclaim the $0.14 region.
The renewed upside pressure comes after U.S. President Donald Trump pardoned ex-Binance CEO Changpeng Zhao. According to Trump, CZ’s supporters argued that the previous administration’s legal action against him was unfair, influencing his decision. Following the pardon, CZ took to X to thank the president, vowing to help “make America the Capital of Crypto.”
The move quickly sent ripples through the broader crypto market, with WLFI price gaining attention due to its association with Trump’s crypto venture World Liberty Financial.
With momentum building, WLFI could continue its recovery if buyers maintain control. A daily close above $0.15 could open the door to $0.17, while failure to hold above $0.135 may trigger a retest of $0.130–$0.125.
Trump’s CZ pardon faces backlash amid WLFI price rally
However, Trump’s latest move has not been without criticism. Senator Elizabeth Warren was among the first to criticize the move, labeling the pardon an example of political corruption the Congress must kick against.
Warren alleged that Zhao’s financial ties to Trump, especially through stablecoin financing, cast serious doubts on the pardon’s legitimacy. CZ responded, accusing the senator of distorting facts.
The former Binance CEO clarified that his guilty plea involved failures in implementing anti-money laundering controls, not direct money laundering, while also calling attention to Warren’s history of hostility toward the crypto industry under the Biden administration.
The clash has reignited broader debate with critics of Warren arguing that her statement mischaracterizes the charges. However, supporters contend that Trump’s pardon undermines accountability and opens the door for financial influence in federal decision-making.
